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Expert RA Rating Agency Confirms TransFin-M’s Credit Rating at ruBBB+

27 November 2020
The outlook is “Developing”. According to the agency’s press release, the rating is due to the company’s strong market position, high capital adequacy ratio and adequate performance, an acceptable liquidity level, adequate corporate governance and asset quality levels. According to the agency, the company’s autonomy ratio is high (24.5% under IFRS as of July 1, 2020), and no decrease in capital adequacy is expected in the short term. TransFin-M’s solid market position correlates with its significant scale of business in the Russian lease market.

Also, the company is expanding its own fleet of special-purpose machinery and rolling stock, operated through Atlant LLC, a railroad operator established together with VEB.RF. As of October 1, 2020, about 34,000 units of rolling stock had been leased out to customers under operating lease agreements or operator arrangements, and some 6,000 units under financial lease agreements.
Expert RA Rating Agency Confirms TransFin-M’s Credit Rating at ruBBB+
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